3799 S Hwy 150 Hwy., Lexington, NC 27295

3799 S Hwy 150 Hwy., Lexington, NC 27295
Photo 1 of 7
$1,900,000
Beds Baths Sq. Ft. Taxes Built
0.00 0 0 1985
On the market: 35 days

Est. Monthly Payment:

$11,377($11,377 + $0 taxes*)

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APPROVED
View full details, 15 photos, school info, and price history
Premier Real Estate Team presents West Park Trailer Park, a ±50-pad mobile home community in Lexington, NC. Appraised at $2.6M (July 2024) and now offered at $1.9M for a quick close, this is a true value-add opportunity with multiple levers for growth. Highlights: •39 developed pads + 11 approved expansion pads (municipal approvals in place, infrastructure budgeted) •23 park-owned homes — many recently acquired and ready for repositioning or resale •Individually metered utilities streamline future operations •Strong upside via rent increases, home sales, and infill/expansion Location: Located near the Piedmont Triad near Winston-Salem, High Point, and Greensboro, a region experiencing job growth and high demand for affordable housing. Terms: •$2.4M seller financing with $800K down •Or $1.9M all-cash, quick close Rent roll and July 2024 appraisal available in DD with signed CA.
Listing courtesy of Nate Brink, Premier Real Estate Team Inc.